Special and Breakthrough Policies: Strategic Directions for a Sustainable Real Estate Market

Vietnam's real estate market is facing systemic challenges that require policy solutions extending beyond short-term adjustments towards strategic and sustainable reforms. Addressing barriers related to capital, legal frameworks, and land management necessitates a combination of advanced financial instruments, efficient governance processes, and breakthrough policy mechanisms. In the current context, the market can only achieve stable development through a policy framework designed based on macroeconomic realities and scientific management principles, ensuring a balance of interests among the government, businesses, and consumers.

Real Estate Capital Sources and Financial Mechanisms

Capital is the key determinant of liquidity and stability in the real estate market. Currently, businesses face stringent credit regulations and inefficiencies in financing mechanisms through the securities market and investment funds. The government should expand the legal framework to enable the development of modern financial instruments such as real estate securitization, REITs (Real Estate Investment Trusts), and crowdfunding to diversify capital sources.

Additionally, flexible mortgage policies that allow future assets to be used as collateral would help improve capital flows within the market. Establishing a risk control mechanism operated in collaboration between the central bank, the Ministry of Construction, and the Ministry of Finance would help maintain financial stability while avoiding excessive restrictions on corporate cash flow.

Land Management Reforms and Planning Mechanisms

Vietnam's current land management system lacks transparency and efficiency, leading to project delays, frequent legal disputes, and high transaction costs. A modernized land management system should be built on digital data infrastructure and incorporate blockchain technology to ensure transparency in permitting, transfers, and valuation processes.

Moreover, urban planning should be designed with a flexible model that adapts to economic needs. The adoption of a “dynamic zoning” approach, combined with regional and sectoral investment incentives, would enhance land-use efficiency and facilitate the implementation of sustainable development-oriented projects.

Administrative System and Government Accountability

One of the major obstacles facing the real estate market is administrative delays caused by concerns over policy implementation responsibility. Adopting a performance-based governance model can significantly improve the efficiency of administrative processes, reduce bureaucratic risks, and facilitate market growth.

A mechanism ensuring accountability for regulatory agencies should be established, while also providing legal protection for officials making decisions within a well-defined legal framework to prevent project stagnation due to fear of responsibility. A public auditing system aligned with international governance performance evaluation standards would help strengthen market confidence among businesses and investors.

Sustainable and Balanced Real Estate Development

Real estate is not merely an economic sector but also plays a crucial role in ensuring social equity and sustainable development. Market development policies should focus on balancing the luxury and affordable housing sectors while promoting smart city models that align with international sustainability standards.

The government should implement long-term support programs, particularly through tax, credit, and land supply incentives, to promote the development of social housing projects. Additionally, the establishment of mandatory green development standards and the encouragement of renewable energy applications in real estate construction and operations should be integrated into sustainable development policies.

Conclusion

If breakthrough policy reforms can be scientifically designed and implemented in a synchronized manner, they will be key to overcoming the current challenges in Vietnam's real estate market. Achieving this goal requires close collaboration between regulatory bodies, financial institutions, and the business community to create a transparent, stable, and sustainable investment environment. The application of advanced financial instruments, modernization of land management systems, and establishment of an efficient administrative framework will be critical in maintaining Vietnam's competitiveness in regional and global real estate markets.

-------------------------------------
FTT REAL ESTATE COMPANY LIMITED

????Headquarters in Vietnam: EA4-01.01 Eratown Duc Khai, Nguyen Luong Bang, Phu My Ward, District 7

????Receive consignments for buying, selling and renting apartments, updating the best prices in the market

????HOTILINE: 081.299.1003

｜ID Line/ Zalo: 0812991003

｜ID Wechat/ Kakaotalk: FTTland88881